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HomeMy WebLinkAboutKIN 79 4210 Replacement Debentu · I I I i I THE OORFO"ATION OF THE 'roWN O~ KINCA.liDINE . I I BY-LAW NO. 4210 f I , I BEING A BY_LAW 'ro AUTHO!1.IZE THE ISSUANCE OF IA .1iEPLACEMENT DEBENTU.1iES. : i I LEGISLATION: Section 327 of the Municipal ct, ".S.O. 1970 · WHE.1iEAS Jean McVicar has represented that t e Town of Kincardine Debentures No. 66, (By-law 4003) in the _ _ principal amount of $l,OOQ.OO !:egistered as to principal in the name of Jean McVicar and maturing on~August 31, 1992 and Debenture No. 96 {By-law 4100) in the p incipal am01l!!t of $1,000.00 registered as to principal in he name of Jean McVicar and maturing on December 1st, 1989 ave been stol en; - I AND WHEREAS Emerson McVicar has represented that Town of Kincardine Debentures No. 65 (By-law 4003) On the Principal amount of $l,OQO.OO registered as to princi a1 in the name or Emerson McVicar and maturin~ on August 3J, 1992 and Debenture No. 130 (By-law 4100) in the prin ipa1 amount or $1,000.00 registered as to principal in the name of Emerson McVicar and maturing on December lst~~, 1990 have been sto1 en; 1979. ß,~~ AND WHEREAS the said Jean McVicar and EmerSf McVicar have asked for the issue of a_replacement debent es; NOW THEREFO.1iE the Counci 1 of the Town of Ki cardine ENACTS as follows: i I 1. The Mayor and Clerk-Administrator are a~thorized to issue replacements for the said debentures inftandard form on the said terms ãnd conditions except th t said replacement debentures shall be fully registered bo as to principal and interest. _ 2. ~e said Jean McVicar and Emerson McvicJr shall prove by statutory Declaration that the said Deb1ntures have been lost. 1- 3. That the said Je!i!n McVicar and Emerson j'cvicar shall provide the Town of Kincardine with an "ndemnity bond for the principal amounts. 4. The interest on the said deQ.entures sha~. '1 Q.e payable not sooner than one month after the interes on other debentures issued under By-laws 4003 an 4100. I day of Januarv I Read a third time and finally passed this -!furth I ~~¿~~ , . , i Read a first and second time this 4th 1979. · . day of January - - - .J -- .v:-=- ~. --::... -~~~ :-:::- -"^ -- . . . '" --_.-~ '-- "